Registration number N1042832 Charity Number: NIC101598
Community Organisations of South Tyrone and Areas Ltd Company limited by guarantee
Annual Report and Unaudited Financial Statements
for the year ended 31 March 2025
Community Organisations of South Tyrone and Areas Ltd Company limited by guarantee
Contents
| Page | |
|---|---|
| Directors’ Report | 1-5 |
| Independent Examiners Report | 6-7 |
| Statement ofFinancial Activities | 8 |
| Statement ofFinancial Position | 9-10 |
| NotestotheFinancialStatements | 11-16 |
Community Organisations of South Tyrone and Areas Ltd Company limited by guarantee
Directors' Report
for the year ended 31 March 2025
The Trustees, who are also the directors for the purpose of company law, are pleased to present their annual report and the financial statements of the charity for the year ended 31st March 2025.
Reference and administrative details
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|---|---|---|---|---|---|---|---|---|---|---|
|Charity|Number|NIC101598|
|The|charity|is|constituted|as|a company|limited|by|guarantee|as|per the|
|Memorandum|of Association|
|Registered|Number|NI042832|
|Registered|Office|Presidents|Grants|Homestead|
|45|Dergenagh|Road|
|Dungannon|
|Co.|Tyrone|
|BT70|1TW|
|Independent|Examiners'|MacNeary,|Rasdale & Co.|Ltd|
|Wellington|House|
|30|Darling|Street|
|Enniskillen|
|Co.|Fermanagh|
|Bankers|Ulster Bank Limited|
|14|High|Street|
|Omagh|
|Co.|Tyrone|
|BT78|1BJ|
|Directors|&|Trustees|
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The directors of the charitable company (the charity) are its trustees for the purpose of charities and throughout this report are collectively referred to as the Directors.
The directors serving during the year and since the year end were as follows:
Directors
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|---|---|---|---|---|---|
|Mr|Richard Knox|(Chairperson)|
|Ms|Carmen|Hamill|(Vice|Chairperson)|
|Mr Trevor|Lockhart|(Secretary|&|Company|Secretary)|
|Ms|Heather Nixon-McLaughlin|
|Mr Raymond|Harrison|
|Prof Wilfred|Mitchell OBE|
|Mr|David|McFarlane|(Resigned|22/06/2024)|
|Mr Anthony|McGonnell|
|Ms|Rosina|O'Neill|
|Ms|Sharon|McAleer (Appointed|22/06/2024)|
|Ms|Lisa McFarland|(Appointed|03/10/2024)|
|Ms|Katrina McCaughey|(Appointed|04/11/2024)|
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Company Secretary
Mr Trevor Lockhart
]
Community Organisations of South Tyrone and Areas Ltd Company limited by guarantee Directors' Report for the year ended 31 March 2025
Structure, Governance and Management Governing Document Community Organisations of South Tyrone and Areas Limited was incorporated as a Company Limited by Guarantee in 2002 with a registration number of NI 042832. The Community Organisations of South Tyrone and Areas Limited was approved for registration as a charity with the Charity Commission for NI on 21% March 2013, with a registration number of NIC 101598. Appointmentof directors The number of Directors shall be not less than four or more than fifteen. Quorum for meetings is three of all members or the number nearest one third of total members which ever is greater. One third (or the number nearest one third) of the Directors must retire at each AGM, those longest in office retiring first. A retiring Director shall be eligible for re-election. Membership is open to other persons (aged 18+) who are invited to become members of the Charity by the Directors and apply to the Charity in the form required by the Directors.
Organisation Community Organisations of South Tyrone & Areas (COSTA) is a rural Support Network organisation. COSTA’s principle activity is providing community development support primarily to rural community groups in Dungannon & South Tyrone Borough Council area. This takes the form of helping local groups to determine need in their respective communities, identifying funding opportunities and providing support to develop and deliver projects. COSTA’s particular focus is helping groups with the NI Rural Development Programme, social economy, rural poverty, social isolation and developing community capacity and leadership. COSTA also provides a local community resource library and community venue at Presidents Grant’s Homestead. COSTA provides a Newsletter, a regular email communications, events and informal support, training, information and workshops to build community capacity. promote good governance, and good/community relation within Dungannon Council Area.
Related Parties
Community Organisations Of South Tyrone & Areas continues to work in close partnership with Cookstown & Western Shores Area Network (CWSAN).
Risk Management
The trustees have taken a detailed review of the major risks to which the charity is exposed. A major risk exists with regard to future core funding for the organisation as the current contract for the Rural Community Development Support Service (RCDSS) as this funding stream will come to an end in 2026. The funding stream provided by RCDSS provided the essential key source of the organisation’s income to ensure retention of the office and essential staffing resources. The Board believes the organisation has considered this risk and made provision under the Reserves Policy will be vigilant of the organisation’s risks as new contracts and tenders are negotiated in the coming months. This situation is true of a large swathe of the sector at this point in time, however, COSTA Trustees are confident that they will be able to sustain the organisation with both current contracts, current reserves and new opportunities. The Network has applied jointly with CWSAN to DAERA’s new Tender process for the RCDSS and has been successfully awarded a new contract which will run for up to 2 years ahead.
Risks to Directors, staff, clients and members of the public are covered by robust directors, employers and public liability insurances.
Directors are ever aware of their governance responsibilities and a reserve fund is maintained so that in the unlikely event that the charity had to close, the Directors would be in a position to honour redundancy payments and other legal and moral obligations.
Risks of misappropriation of funds are managed through financial policies and procedures including a fraud policy and the annual examiners report on the accounts.
Risk management policies and procedures are in place and are reviewed regularly.
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Community Organisations of South Tyrone and Areas Ltd Company limited by guarantee Directors' Report for the year ended 31 March 2025
Objectives & Activities
In ensuring that the activities of COSTA provide a public benefit, all our activities are related to one or more of the following charitable objectives:
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A. to promote the efficiency and effectiveness of voluntary and community organisations and projects in the area of benefit by providing advice information, education and training, administrative support and practical assistance to such organisations and projects for the benefit of the public;
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B. to promote or assist in the promoting community capacity building programmes and projects for the benefit of the people in the area of benefit who have need of such assistance;
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C. to promote or assist in the promotion of and cooperation and networking between voluntary and community organisations in the area of benefit between themselves and others;
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D. to support community development, social inclusion and wellbeing activities and to work with partners to support and improve the conditions of the inhabitants in rural life and the development of a sustainable community;
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E. to identify the funding and policy needs of voluntary and community organisations in the area of benefit: F. to promote the advancement of health and well-being; G. to promote good relations, religious and racial harmony and equality and diversity; H. to promote awareness of the community in the area of benefit among public bodies, service providers and statutory agencies and to act as a representative of voluntary and community organisations offering services and support to the inhabitants in the area of benefit;
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|. to advance any other exclusively charitable purpose as the directors, may from time to time, decide in accordance with the law of charity.
Achievements and Performance
The overall aim is to improve the health and wellbeing of people living in rural deprived areas, thus supporting those rural dwellers living in or at risk of poverty and social exclusion.
Key Activities for the Year:
Rural Community Development Support Service (RCDSS)
Community Organisations of South Tyrone and Areas Ltd (COSTA) in conjunction with Cookstown and Western Shores Area Network (CWSAN) have continued to work in close partnership. With over 15 years now already completed, we strive towards the start of our 16th year, in April 2026, of delivering the 'Rural Community Development Support Service’ for the Mid Ulster area covering the Dungannon and South Tyrone area (COSTA) and the Cookstown & Magherafelt areas (CWSAN).
The key elements of this current contract with the Department of Agriculture, environment & Rural Affairs (DAERA) supported through their Tackling Rural Poverty and Social Isolation Framework (TRPSI) are:
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Local Groups: Increased Awareness/ Improved Capacity & Enhanced Sustainability;
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Local Individuals: Improved Capacity of Individuals, Farmers & Farm Families; 3. Relationships: Bonding, Bridging & Linking.
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Community Organisations of South Tyrone and Areas Ltd Company limited by guarantee Directors' Report for the year ended 31 March 2025 The RCDSS provides on-going practical Community Development support services - responsive local group's needs:
- Events / Workshops / Visits / Meetings. * Newsletters / E-Bulletins / Public Relations. * Facebook Page/ Website. * Use of 'Grant-Tracker' / funding searches etc. * Assistance with funding applications. * Networking & Sharing expertise. * Capacity Building, Training. * Good Practice Checklists & Action Plans. « Governance & Board / Management Committee Skills. « Office Services — access to photocopying, fax and email. «Resources, Library, Equipment loan. * Wide range of Management & Leadership Support Services. * Community Audit (support), SWOTs, Profiles, Statistics. * Policies, Procedures, Good Practice Guides. * Action Plans, Needs Assessments, Skills Reviews.
Financial Review
Overall the Directors feel that the Charity has performed well over the year. Despite the increasingly difficult funding climate, the Board of Directors have managed to maintain a sound financial basis. This has been achieved through a very proactive and focused approach in the implementation of a successful fundraising strategy, continuous review of over-heads and the introduction of cost saving measures.
The Directors have also been able to ensure that core funding has been retained into the coming year.
A Reserves Policy is in place, which allows for an annual reserve to be held ranging between a minimum of £25,000 to £35,000. The actual free reserves at 31 March 2025 are £21,518 in order to ensure that the organisation holds sufficient reserves to meet any unforeseen scenarios.
Community Organisations of South Tyrone and Areas Limited has a Reserves Policy which details why reserves are held and the level of reserves appropriate for the charity. The trustees review the level of free reserves required (that is those funds not tied up in fixed assets, designated and restricted funds) on an annual basis to ensure continuity of charitable operations.
The charity is looking ways of increasing funding to meet current needs and this is reviewed annually. Designated reserves for various purposes are detailed and a cash flow fund is held to bridge any potential gaps or short-falls in finding streams and to underpin variable programmes that are experiencing cash flow problems. A staffing fund is held to cover sickness, maternity and to meet all redundancy costs.
Plans for the Future Periods
The Company plans to continue in developing its services in line with its strategic priorities outlined above and it will seek to develop collaborative partnerships with a range of external agencies. Funding arrangements will be kept under review in relation to demand for service improvements and constraints on public expenditure. As a networking organisation, we take seriously our role in supporting the local rural and community infrastructure, disseminating best practice, and sharing experiences so that communities can learn from each other.
Public Benefit Statement
The direct benefits which flow from this purpose include improves: cooperation; good/community relations; networking; skills; confidence; governance in community groups; increased capability in the management of community projects and facilities; increased access to funding for groups to develop projects: better informed group representatives about the sector and opportunities; enhanced ability to participate in decision making on policies which affect rural areas; more access to equipment as and when groups require it; strengthened ability of groups and individuals to avail of programmes which will improve their circumstances and opportunities. These benefits are evidenced through feedback from attendees at our events using evaluation forms; surveys conducted with member groups; records of loans/using equipment; verbal feedback of services provided; and independent evaluation of our services by funders. There is no harm anticipated from this purpose. The charity’s beneficiaries are primarily the people living in rural areas of Dungannon & South Tyrone Borough Council area. A private benefit to Trustees may arise from our ongoing services and programme of training, good practise visits, direct support to groups, support provided through grants or information provision. Through this, Trustees gain skills, experience, or grant aid which are transferable to other settings, and which may benefit their own community group. Our own Trustees receive information in the same way as other beneficiaries, These benefits are incidental and necessary to ensure the benefit is provided to our beneficiaries. 4
Community Organisations of South Tyrone and Areas Ltd Company limited by guarantee
Directors' Report for the year ended 31 March 2025
Trustees’ responsibilities statement The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period.
In preparing these financial statements, the trustees are required to:
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. select suitable accounting policies and then apply them consistently;
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. observe the methods and principles in the applicable Charities SORP; . make judgments and accounting estimates that are reasonable and prudent; ° prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Independent Examiner Each of the persons who is a trustee at the date of approval of this report confirms that:
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° so far as they are aware, there is no relevant audit information of which the charity's independent examiner is unaware; and
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s they have taken all steps that they ought to have taken as a trustee to make themselves aware ofany relevant independent examiner information and to establish that the charity's independent examiner is aware of that information.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees’ annual report was approved on 13 November 2025 and signed on behalf of the board of trustees by:
Richard Knox
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Chairperson
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Trevor Lockhart
Secretary
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Community Organisations of South Tyrone and Areas Ltd Company limited by guarantee
Independent Examiners’ Report to the members of Community Organisation of South Tyrone and Areas Ltd for the year ended 31 March 2025
We have examined the financial statements of the company for the year ended 31 March 2025, which comprise the Statement of Financial Activities, the Summary Income and Expenditure Accounts, the Balance Sheet and the related notes. This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our work has been undertaken so that we might compile the financial statements that we have. This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members, as a body, for our work, or this report.
Respective responsibilities of directors and examiner The company's trustees (who are the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 and that an independent examination is required. It is our responsibility to:- examine the financial statements under section 65 of the Charities Act; - follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act, and - state whether particular matters have come to our attention. Basis of independent examiner's report We have examined your company financial statements as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. An examination includes a review of the accounting records kept by the company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the directors concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. In connection with our examination, no matter has come to our attention which gives us cause to believe that in any material aspect: - accounting records were not kept in accordance with section 386 of the Companies Act 2006 - the financial statements do not accord with those accounting records - the financial statements have not been prepared in accordance with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice applicable to charities (FRS102)on eaten their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland - there is further information needed for a proper understanding of the accounts to be reached.
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Community Organisations of South Tyrone and Areas Ltd Company limited by guarantee
independent Examiners’ Report to the members of Community Organisation of South Tyrone and Areas Ltd for the year ended 31 March 2025
Independent examiner's statement
We have no concern and have came across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statement to be reached.
Anthony Rasdale MacNeary Rasdale & Co Ltd "Wellington House"
30 Darling Street Enniskillen
Co. Fermanagh
13" November 2025
Community Organisations of South Tyrone and Areas Ltd Company limited by guarantee
STATEMENT OF FINANCIAL ACTIVITIES (including Income & Expenditure account) 31 MARCH 2025
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|||||||||
|---|---|---|---|---|---|---|---|
|2025|2025|2025|2024|
|Unrestricted|Restricted|Total|Total|
|Funds|Funds|Funds|Funds|
|Note|£|£|£|£|
|Income|and|endowments|
|Donations|and|gifts|3|>|=|=|
|Charitable|activities|4|619|48,573|49,192|48.470|
|Release|of Deferred|Income|-|-|:|
|Total|Income|619|48,573|49,192|48.470|
|Expenditure|
|Expenditure|on|charitable|5|
|activities|6|-|46,864|46,864|44,050|
|Total|Expenditure|-|46,864|46,864|44,050|
|Net|income/|(deficit)|619|1,709|2,328|4,420|
|Other|recognised|gains and|losses|
|Other|gain/(losses)|
|Net|movement|in|funds|3|4.420|4,420|4.420|
|Total|funds|brought|forward|20,899|52,790|73,689|73,689|
|Total|funds|carried forward|20518|58,919|80,437|78,109|
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The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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Community Organisations of South Tyrone and Areas Ltd Company limited by guarantee
STATEMENT OF FINANCIAL POSITION
31 MARCH 2025
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Unrestricted/ Total Unrestricted/ Total
Notes Funds 2025 Funds 2024
TangibleFixed assetsfixed assets 9 7 7
CurrentDebtors assets 10 ; ;
Cash at bank and in‘ hand EO94,946 97,618
Creditors: amounts falling due within one year 11 ON .6,500
Net current assets 93,446 91,118
Total assets less current liabilities 93,446 PING
Deferred income 3,009) 13,009)
Funds of the charity -
Restricted funds 58.919 57,210
Unrestricted funds 21,518 20,899
Total charity funds 13 80,437 78,109
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These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
For the financial year ended 31 March 2025 the company was entitled to exemption from the audit under section 477 of the Companies Act 2006: and no notice has been deposited under section 476.
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
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Community Organisations of South Tyrone and Areas Ltd Company limited by guarantee
STATEMENT OF FINANCIAL POSITION 31 MARCH 2025
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and in accordance with FRS 102' The Financial Reporting Standard applicable in the UK and Republic of Ireland’, applying Section 1A of that Standard.
Approved by the Trustees and authorised for issue on 13% November 2025 and signed on its behalf by:
Mr Richard Knox Mr Trevor Lockhart
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(Chairperson) (Secretary)
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Community Organisations of South Tyrone and Areas Ltd Company limited by guarantee
Notes to the Accounts for the year ended 31 March 2025
General information
The charity is a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland.
1. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, “The Financial Reporting Standard applicable in the UK and the Republic of Ireland”, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP) (FRS 102).
2. Accounting Policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going Concern
There are no material uncertainties about the charity’s ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances,
Fund accounting
Unrestricted funds are available for use at the discretion of the directors to further any of the charity’s purposes.
Restricted funds are subject to restrictions on their expenditure declared by the donor.
Incoming Resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
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Community Organisations of South Tyrone and Areas Ltd Company limited by guarantee
Notes to the Accounts (cont.) for the year ended 31 March 2025
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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Expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
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- Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Limited by guarantee
Community Organisations of South Tyrone and Areas Ltd is a company limited by guarantee and accordingly, does not have a share capital.
Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of it being wound up while he or she is a member, or within one year after he or she ceases to be a member.
| 3. Unrestricted Income | Unrestricted Funds |
2024 Total |
2023 Total |
|||
|---|---|---|---|---|---|---|
| £ | £ | £ | ||||
| . Donations and Gifts |
s | “ | - | |||
| DeferredIncomeRelease | E | = | - |
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Community Organisations of South Tyrone and Areas Ltd
Notes to the Accounts
For the year ended 31st March 2025
| 3. Restricted Funds | Restricted Fund | 2025 | 2024 |
|---|---|---|---|
| Income | Total | Total | |
| £ | £ | £ | |
| Analyis ofGrant Income Received | |||
| DAERA Grant MUD StrategicNetworkGrant |
44573 4000 |
44573 4000 - |
43750 3000 720 |
| CSWAN Rural Warm & Chatty Place |
- - 48.573 |
= 48,573 |
1000 48,470 |
| 4. Analysisofresourcesexpended | Unrestricted Expenditure |
2024 | ||
|---|---|---|---|---|
| 2025 | Total | |||
| Analysis of resourcesexpended forcharitable activities | £ | £ | ||
| COSTA Covid-19 Micro Grants | ; | - | ||
| Staff Pension Costs | 5 | . | ||
| General Expenses | . | : | ||
| Travel Expenses | = | . | ||
| Bank Fees | = | : | ||
| Light& Heat | - | - | ||
| Subscriptions | 2 | - |
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries.
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Community Organisations of South Tyrone and Areas Ltd
Notes to the Accounts
For the year ended 31st March 2025
6. Analysis of resources expending for grant purposes
| 2025 | 2024 | |
|---|---|---|
| Total | Total | |
| £ | £ | |
| Anaylsis ofrestricted grant expenses | ||
| DAERA Grant | 44,573 | 43,750 |
| MUDC Grant | ____-4,000 3,000 |
|
| 48,573 | 46,750 |
7. Staff Costs
No employee received emoluments of more than £60,000.
The true staff costs of the company during the year is noted below. The staff costs disclosed in the accounts have been reduced as they have been funded by a DAERA Grant .
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Wages& | & Salaries | 32,820 | 30,507 |
| Social | Security and Pension Costs | 2,746 | 2,746 |
| 35,566 | 33,253 |
Amounts of Staff Costs Funded by Grant Assistance
DAERA Grant Funding
8. Emoluments of Directors
No director or member received any remuneration from the company during the year (2025: £Nil).
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Community Organisations of South Tyrone and Areas Ltd Notes to the Accounts For the year ended 31st March 2025
9. Tangible Fixed Assets
| 9. TangibleTangible Fixed Assets | Fixtures | |
|---|---|---|
| & Fittings | Total | |
| Cost: | £ | £ |
| At 31 March 2024 | 4,979 | 4,979 |
| Additions | ||
| Disposals At 31 March 2025 |
eee 4,979 4,979 |
|
| Accumulated Depreciation: | ||
| At 31 March 2024 | 4,979 | 4,979 |
| Charge foryear At31 March 2025 |
4,979 | 4,979 |
| Net Book Value: | ||
| At 31 March 2024 | = | - |
| At 31 March 2025 | ~ | - |
| 10. Debtors | ||
| 2025 | 2024 | |
| £ | £ | |
| Other Debtors | _ | - |
| 11. Creditors : Amounts falling due within one year | ||
| 2025 | 2024 | |
| £ | £ | |
| Accruals | 1,500 | 6,500 |
| DeferredIncome-GovernmentGrants | 13,009 | 13,009 |
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Community Organisations of South Tyrone and Areas Ltd Notes to the Accounts For the year ended 31st March 2025
12. Provisions for liabilities and charges
There are no provisions for liabilities and charges in the current or previous year.
13. Total Charity Funds
There was no fund transfer between restricted and unrestricted funds within the year.
| Total | ||
|---|---|---|
| Fund | Total | |
| £ | £ | |
| Balance ofunrestricted funds at 1 April 2024 | 20,899 | 20,899 |
| Deficit allocation to general reserves | ||
| Balance ofunrestricted funds at31 March 2025 | 20,899 | 20,899 |
| Balance ofrestricted funds at 1 April 2024 | 52,790 | 52,790 |
| Surplus allocated to restricted reserve | 4,420 | 4,420 |
| Balance ofrestricted funds at31 March 2025 | 57,210 | 57,210 |
| Total funds both restricted and unrestricted | ||
| at31March2025 | 78,109 | 78,109 |
14. Cash Flow Statement
Under the provisions of Financial Reporting 102, the company is permitted to prepare annual accounts which exclude a Cash Flow Statement.
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